A complete understanding and overview of the use of digital technologies in financial reporting and auditing

Accounting, also known as accountancy, is the processing of information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Financial reporting is a standard accounting practice that uses financial statements to disclose a company's financial information and performance over a particular period, usually on an annual or quarterly basis. Accounting is the science of recording and reviewing financial transactions of a company, organization or a business and generally includes summarizing, analyzing reports and delivering them to the managers of organizations. Financial statements are a brief summary of financial transactions in a period that includes performance, financial position, cash flows, etc. . . It includes these prepared financial statements. Accounting is one of the most important elements of any business. You must have a healthy financial structure to ensure the growth and development of the company. Advanced technology has brought about significant changes in most businesses, and the future of accounting is no exception. Many of the manual and routine accounting tasks of the past are now performed by non-human support. Changing technology means that accountants are increasingly engaging in higher-level work and taking on important decision-making and management responsibilities in organizations. The changes of recent decades are going to continue in the future of accounting. Without having a correct accounting system, all your efforts in the field of product production, supply and promotion will be lost. Business managers are currently faced with a fresh and new idea. That is digital accounting. The authors of the articles try to answer the question in the field of innovative digital technologies, whether it is possible that innovative digital technologies facilitate the digitization of accounting, financial reporting and auditing. For this purpose, the authors conducted an analysis of global trends regarding the application of digital technologies in related fields and also summarized the findings presented in the surveys of consulting companies and the findings presented in the articles of famous scientists. This article describes the working method of distributed ledger technology (distributed means that the system is not centralized) (Blockchain) and also justifies the necessity of using Blockchain technology in financial reporting and audit matters and the possibility of this. Findings: ۱. In the development of financial reporting and auditing, key and important trends have been revealed, for example, their integration in the digital environment, a description of working methods on big data, transition to online reporting and its continuous auditing. ۲. Algorithmic has been proposed for the application of blockchain technology in accounting, reporting and auditing. ۳. Classification of fraud cases in financial reporting in Russia is presented and preventive measures based on blockchain are outlined.

کلیدواژه ها:

financial statements ، accounting ، auditing ، digital technologies ، digitization.